My copy of Bears' 14th ed. (I don't have 15th yet) lists AMBAI (American Management and Business Administration Institute) in the Miscellaneous chapter as an unaccredited institute that offers a diploma but not degrees. I see now that AMBAI does offer a BBA and an MBA: AMBAI University.
OK, I'll apply the Google test. Searching using the acronym 'AMBAI': Here's AMBAI's "accreditor". Both AMBAI and its "accreditor" have the same address at 955 Massachusetts Ave., Cambridge MA, #3000. http://www.online-business-education.org/ Here's a website for the "accreditor" that's still left on Geocities: http://www.geocities.com/aobesociety/members.htm Here's a Spanish language AMBAI site: http://www.mbaii.org/ambac/ Here's another Spanish language AMBAI site still on Geocities: http://www.geocities.com/elmbavirtual/ Here's AMBAI's "journal": http://www.mbaii.org/journalEng/JengCurrent.htm Here's a group that AMBAI seems to have started for itself at Yahoo groups (it seems to contain the same kind of short blurbs as the journal): http://groups.yahoo.com/group/AmbaiBizNews/ Here's Mr. Kasis' $49 'Virtual MBA' 120 page downloadable e-book for sale. (It's a PDF file.) Purchase of the book is also said to be free tuition to an AMBAI associates degree program: http://www.booklocker.com/books/39.html Here's another 112 page $49 downloadable e-book on finance and investing from Mr. Kasis. It's price is tuition to another of his associates degree programs: http://www.booklocker.com/books/432.html Here's what seems to be an Englishman living in Denmark who uses Kasis' e-books in teaching his own business classes: http://www.evan-jones.com/PMBA.htm Here's Fairfax University endorsing AMBAI: http://www.fairfaxu.edu/sub_otherlinks.asp OK, that's pretty much everything of relevance on the first five pages of search results. It seems that Ambai is a language spoken in Sumatra, Indonesia. And apparently there is a Tamil writer named Ambai who is well known in India and has a school in Tamil Nadu named for her. But if the Massachusetts AMBAI were really a credible business organization, wouldn't there be some reference to the initials by somebody other than themselves? BTW, is this kind of thing even legal in the state of Massachusetts?